How is difference in natural resources a basis of international trade?
The difference in natural resources a basis of international trade are as follows:-
• Geological Structure- It determines the mineral resource and topographical differences ensure diversity if crops and animals raised.
• Mineral Resources- The minerals are unevenly distributed all throughout the world. These minerals form the basis of industrial development.
• Climate- It ensures the growth and production of specific product in specific region having a particular type of climate like wool production in cold areas.
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